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As of close of business last night, Cardio Diagnostics Holdings Inc’s stock clocked out at $0.36, down -11.24% from its previous closing price of $0.41. In other words, the price has decreased by -$11.24 from its previous closing price. On the day, 2.72 million shares were traded. CDIO stock price reached its highest trading level at $0.417 during the session, while it also had its lowest trading level at $0.325.
Ratios:
To gain a deeper understanding of CDIO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.69 and its Current Ratio is at 5.69. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.18.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 06 ’24 when Philibert Robert bought 34,075 shares for $0.29 per share. The transaction valued at 9,763 led to the insider holds 1,683,867 shares of the business.
Dogan Meeshanthini bought 68,965 shares of CDIO for $20,000 on Sep 06 ’24. The Chief Technology Officer now owns 197,310 shares after completing the transaction at $0.29 per share. On Sep 06 ’24, another insider, Dogan Meeshanthini, who serves as the Chief Executive Officer of the company, bought 68,965 shares for $0.29 each. As a result, the insider paid 20,000 and bolstered with 1,683,867 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CDIO now has a Market Capitalization of 12481056 and an Enterprise Value of 8179610. For the stock, the TTM Price-to-Sale (P/S) ratio is 233.21 while its Price-to-Book (P/B) ratio in mrq is 2.73. Its current Enterprise Value per Revenue stands at 208.994 whereas that against EBITDA is -0.996.
Stock Price History:
Over the past 52 weeks, CDIO has reached a high of $3.56, while it has fallen to a 52-week low of $0.19. The 50-Day Moving Average of the stock is 35.60%, while the 200-Day Moving Average is calculated to be -52.73%.
Shares Statistics:
It appears that CDIO traded 2.56M shares on average per day over the past three months and 8205920 shares per day over the past ten days. A total of 25.91M shares are outstanding, with a floating share count of 21.97M. Insiders hold about 15.21% of the company’s shares, while institutions hold 6.94% stake in the company. Shares short for CDIO as of 1728950400 were 1024061 with a Short Ratio of 0.66, compared to 1726185600 on 233343. Therefore, it implies a Short% of Shares Outstanding of 1024061 and a Short% of Float of 3.37.
